3/7/2024 0 Comments Credit vs debit achWhen departments are utilizing the TouchNet Marketplace to sell products or services, these fees are billed directly to the department budget based on their individual MID (merchant identification). There are many fees incurred when accepting credit and debit payments, including: Interchange Fees, UW Merchant Fee, Merchant Processing Fees and Miscellaneous Fees. If your department needs to accept credit card or ACH (web check) payments, contact the Cashier’s Office at learn how to get set up on the TouchNet Marketplace.Ĭosts Associated with the Acceptance of Credit Cards If TouchNet evers goes off-line, or is otherwise unavailable, we will not be able to accept credit card payments until TouchNet is back online, or an alternative solution is set up. With the switch to TouchNet, the UW Tacoma Cashier’s Office will no longer accept in-person credit/debit card payments, as all purchases can be paid online without any associated convenience or service fees. The Marketplace enables University departments the ability to sell products and services as well as collect fines online, while reducing the Payment Card Industry Data Security Standard scope. The Cashier’s Office accepts credit/debit card payments online via TouchNet Marketplace, the University of Washington’s eCommerce platform. At the direction of the UW PCI Merchant Services Director, the UW Tacoma Cashier’s Office is updating its current credit card payment policy and process.
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